A growing sentiment in sports media — amplified by Brian Windhorst and others — suggests that Nike's struggles stem from a lack of transcendent basketball stars capable of moving product. That framing is reductive, and it lets Nike off the hook entirely.

In this episode, let's get into why Nike's problems run much deeper than their athlete roster. From a crowded endorsement landscape where Adidas, New Balance, ANTA, and a resurgent Reebok are all signing elite players, to a disastrous direct-to-consumer pivot, to a reseller market that has turned sneakers into cryptocurrency with leather — Nike has made a long series of own-goal decisions that no superstar signing can paper over.

The talent is there. The problem isn't the players.

Deep Cover is hosted by Omar Zahran. Subscribe wherever you get your podcasts, and find Omar's written work at deepcover.substack.com.